| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Fixed Assets: | |||||
| Investments | |||||
| General Fund | 4,755,134 | 5,041,345 | |||
| Endowment Funds —Expendable |
76,650 | 82,086 | |||
| Endowment funds - Permanent |
43,753 | 46,680 | |||
| Restricted Funds | 48,900 | 52,991 | |||
| 4,924,437 | 5,223,102 | ||||
| Current Assets: | |||||
| Cash atbank: | |||||
| Current account | 135,462 | 74,067 | |||
| Deposit accounts | 98,893 | 98,695 | |||
| 234,355 | 172,762 | ||||
| Current Liabilities | |||||
| Amounts falling due within one year |
43,684 | 69,205 | |||
| Net Current Assets | 190,671 | 103,557 | |||
| Net Assets | 5,115,108 | 5,326,659 | |||
| Funds: | |||||
| Unrestricted Funds |
4,899,253 | 5,102,251 | |||
| Restricted Funds | 72,120 | 75,273 | |||
| Endowment Funds - Expendable |
93,807 | 96,668 | |||
| Endowment Funds - Permanent |
49,928 | 52,467 | |||
| 5,115,108 | 6 326669 |
| Endowment | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Expendable | Permanent | ||||
| Funds | Funds | Funds | Funds | 2023 | 2022 | ||
| f | |||||||
| Income and Endowments | from | ||||||
| Stocks and shares | 135,410 | 1,936 | 2,572 | 1,386 | 141,304 | 138,917 | |
| Deposit interest | 152 | 2 | 3 | 2 | 159 | 13 | |
| Donations | 0 | 60 | |||||
| Other Income | 200 | 200 | 0 | ||||
| 135,762 | 1,938 | 2,575 | 1,388 | 141.,663 | 138,990 | ||
| Expenditure on |
|||||||
| Charitable activities |
(Note 10) | (52,549) | (1,000) | (1,000) | (54,549) | (143,875) | |
| Generating funds |
|||||||
| Investment management |
charges | 2,132 | |||||
| Net gains/(losses) on investments |
(286,211) | (4,091) | (5,436) | (2,927) | (298,665) | 129,446 | |
| Net Income/(expenditure) | (202,998) | (3,153) | (2,861) | (2,539) | (211,551) | 126,693 | |
| Other gains/losses | |||||||
| Net Movement in Funds |
(202,998) | (3,153) | (2,861) | (2,539) | (211,551) | 126,693 | |
| Fund balances brought | forward | 5,102,251 | 75,273 | 96,668 | 52,467 | 5,326,659 | 5,199,966 |
| Fund balances carried | forward | 4,899/53 | 72,120 | 93,807 | 49,928 | 5,115,108 | 5,326,659 |
| Quoted Investments | Trust | Pool | Trust | Trust | ||||
|---|---|---|---|---|---|---|---|---|
| Apportioned | Between | Pool | Pool | |||||
| Endowment | Total | Total | ||||||
| Unrestricted | Restricted | Expendable | Permanent | |||||
| Funds | Funds | Funds | Funds | 2023 | 2022 | |||
| Market Value at31March 2022 | 5,041,345 | 52,991 | 82,086 | 46,680 | 5,223,102 | 5021437 | ||
| Add: Additions at cost | 5,230,618 | |||||||
| Less:Disposals | (5,158,399) | |||||||
| Gain/(Loss) on revaluation | (286,211) | (4,091) | (5,436) | (2,927) | (298,665) | 129,446 | ||
| Market Value at31March 2023 | 4755 134 | 48 | 900 | 76,650 | 43 753 | 4,924,437 | 5,223 102 | |
| The Sarasin Endowments | Fund Class AIncome units were invested as follows. | |||||||
| Equities | 3,258,299 | 3,634,483 | ||||||
| Fixed income | 731,706 | 365,060 | ||||||
| Properly | 218,061 | 290,862 | ||||||
| Alternative investments |
609,465 | 661,711 | ||||||
| Liquid assets | 106,906 | 270,986 | ||||||
| 4924437 | 5223 102 | |||||||
| Historic Cost at31March 2022 | 5241 166 | 5,230,618 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| 3.Current Liabilities | ||||||
| Grants and awards | 42,160 | 66,130 | ||||
| Professional fees | 1,524 | 1,425 | ||||
| Salary ofsecretary | 1,650 | |||||
| 43,684 | 69,205 | |||||
| 4.Unrestricted Funds |
||||||
| Balance at 1April 2022 | 5,102,251 | 4,985,507 | ||||
| Net surplus for the year | (202,998) | 116,744 | ||||
| Balance at31March 2022 | 4,899,253 | 5,102/51 | ||||
| 5.Restricted Funds | ||||||
| Balance | Loss on | |||||
| 1April 2022 | Income | Revaluation | Expenditure | 31Mar 2023 | ||
| Theatres (Biomet) Fund | 2,353 | 2,353 | ||||
| John Spivey Prize | 72,920 | 1,938 | (4,091) | (1,000) | 69,767 | |
| 75 273 | 1,938 | 4,091 | 1,000 | 72 120 | ||
| 6.Expendable Endowment |
Funds | |||||
| Balance | Loss on | Expenditure | Balance | |||
| FUND | 1April 2022 | Income | Revaluation | 31Mar 2023 | ||
| John Goodfellow Prize | 36,381 | 962 | (2,031) | 35,312 | ||
| David Fuller Memorial | 16,018 | 424 | (896) | 15,546 | ||
| Girdlestone Society-R BDuthie Fund |
44,269 | 1,189 | (2,509) | 42,949 | ||
| 96,668 | 2,575 | (5,436) | 93,807 |
| 7.Permanent | Endowment | Endowment | Funds | |||||
|---|---|---|---|---|---|---|---|---|
| Capital | Balance | Loss on | Expenditare | Balaace | ||||
| 1April 2022 | Revaiaation | 31Mar 2023 | ||||||
| James Turner | Prize | 41,878 | (2,927) | 38,951 | ||||
| 41,878 | 2,927 | 38,951 | ||||||
| Income | ||||||||
| Income | Expenditam | Balance | ||||||
| 1April 2022 | 31Mar2023 | |||||||
| f | ||||||||
| James Turner | Prize | 10,589 | 1,388 | (1,000) | 10,977 | |||
| 10489 | 1388 | (1,000 | 10,977 | |||||
| 2023 | 2022 | |||||||
| Total ofPermanent | Endowment | Funds at31March 2023 | 49,928 | 52,467 |
| 9.Analysis ofCharitable Expenditure | 2023 | 2022 | |||||
| Grants and awards (note 10) | 42,660 | 132,760 | |||||
| Other charitable expenditure |
(note 11) | 9,889 | 10,115 | ||||
| 52,549 | 142,875 | ||||||
| 10.Grants and Awards | |||||||
| 2023 | 2022 | ||||||
| Lord Nuffield Scholarship in |
orthopaedic | surgery | 32,875 | ||||
| Girdlestone Memorial scholarship in |
orthopaedic | surgery | 32,875 | ||||
| Research grants | 32,350 | ||||||
| Total orthopaedic scholarships |
98,100 | ||||||
| Kenwright Prize |
500 | 500 | |||||
| Lord Nuffield scholarship in aftercare |
|||||||
| Feilden nursing scholarship |
|||||||
| Elizabeth Handfield Jones travelling |
scholarship | ||||||
| Girdlestone Memorial nursing |
scholarship | ||||||
| Course, conference and travel | grants | ||||||
| Nuffield Dept. ofOrthopaedic | Surgery research | assistant | 42,160 | 31,160 | |||
| Grant forjournals and professional publications |
3,000 | ||||||
| Joseph Trueta prize | |||||||
| Grants and Awards from Unrestricted | Funds | 42,660 | 132,760 | ||||
| Total Grants and Awards for the year | |||||||
| Unrestricted fund |
Note 9 | 52,549 | 142,875 | ||||
| Endowment funds - Expendable |
1,000 | ||||||
| Permanent | |||||||
| Restricted funds | 1,000 | 1,000 | |||||
| 54 549 | 143,875 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| f | f | |||
| Trustees meetings | ||||
| Salary ofsecretary | 8,050 | 8,140 | ||
| Audit/Independent | examination | fee | 1,551 | 1,425 |
| Office expenses | 288 | 550 | ||
| 9,889 | 10,115 |
| 13.Staff Costs | ||
|---|---|---|
| 2023 | 2022 | |
| Salaries | 8,050 | 8,140 |
| National insurance costs | ||
| s 050 | 8,140 | |
| The Trust has one part-time employee. |
| 14.Ana | lysis ofAssets and L | iabilities | |||||
|---|---|---|---|---|---|---|---|
| Endosrment | |||||||
| Unrestricted | Restricted | Expendable | Permanent | Total | Total | ||
| Funds | Funds | Fuuds | Funds | 2O23 | 2022 | ||
| f | f | ||||||
| Inveslments | 4,755,134 | 48,900 | 76,650 | 43,753 | 4,924,437 | 5,223,102 | |
| Current | assets | 187,803 | 23,220 | 17,157 | 6,175 | 234,355 | 172,762 |
| Current | liabilities | (43,684) | (43,684) | (69,205) | |||
| 4,899,253 | 72,120 | 93,807 | 49928 | 5 115108 | 5,326659 |
| Unrestricted | Restricted | Endowment | Funds | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Expendable | Permanent | 2022 | |||
| Income and Endowments | from | ||||||
| Stocks and shares | 133250 | 1,875 | 2,458 | 1,334 | 138,917 | ||
| Deposit | interest | 12 | 1 | 13 | |||
| Donations | 60 | 60 | |||||
| Total Income | and Endowments | 1,875 | 2,459 | 1,334 | 138,990 | ||
| Expenditure | on | ||||||
| Charitable | activities | (142,875) | (1,000) | (143,875) | |||
| Generating | funds | ||||||
| Investment | management | 2,132 | 2,132 | ||||
| Net gains/(losses) on investments |
124,165 | 1,747.00 | 2,291 | 1,243 | 129,446 | ||
| Net Income/(expenditure) | 126,297 | 875 | 4,750 | 2,577 | 126,693 | ||
| Other gains/losses | |||||||
| Net Movement | in Funds | 126,297 | 875 | 4,750 | 2,577 | 126,693 |